ZIP 60514 Housing Market Report
Chicago Metro
Report period: May 2026
60514 Monthly Market Update – May 2026
ZIP 60514 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$699,000
−12.5%
Median DOM (Sales)
6
−25.0%
New Listings (Sales)
3
−75.0%
Median Rent
$2,400
−11.1%
Median DOM (Rental)
4
0.0%
Total Rental Listings
28
+7.7%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (5 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($1,990,000 median)
Sales Market Overview
Median Price
$699,000
−12.5%
Median DOM
6
−25.0%
New Listings
3
−75.0%
Inventory
31
−11.4%
- Average Price: $894,390
- Median Price: $699,000
- Price Range: $160,000 – $2,649,000
- Price per Sq Ft (Avg/Median): $326 / $311
- Square Footage (Avg/Median): 2,734 / 2,553
- Square Footage Range: 970 – 5,200
- Days on Market (Avg/Median): 36 / 6
- Days on Market Range: 3 – 327
- New Listings: 3
- Total Listings: 31
Sales by Property Type
Condo
Avg/Median Price$302,629 / $309,000Range$160,000 – $429,900Price per Sq Ft$249 / $269Sq Ft1,198 / 1,117DOM21 / 6New1Total7
Land
Avg/Median Price$489,600 / $425,000Range$250,000 – $799,000Price per Sq Ft—Sq Ft—DOM186 / 44New0Total5
Single Family
Avg/Median Price$1,217,387 / $959,000Range$425,000 – $2,649,000Price per Sq Ft$345 / $337Sq Ft3,367 / 3,208DOM21 / 5New1Total15
Townhouse
Avg/Median Price$1,224,725 / $1,369,000Range$439,900 – $1,595,000Price per Sq Ft$389 / $420Sq Ft3,051 / 2,750DOM44 / 26New1Total4
Sales by Bedroom Count
1 Beds
Avg:$232,250Median:$164,500Range:$164,500 – $300,000PSF:$219 / $170Sq Ft:1,044 / 970DOM:47 / 5New:0Total:2
2 Beds
Avg:$346,483Median:$375,000Range:$160,000 – $429,900PSF:$264 / $276Sq Ft:1,304 / 1,248DOM:12 / 6New:1Total:6
3 Beds
Avg:$763,671Median:$699,900Range:$439,900 – $1,369,000PSF:$318 / $311Sq Ft:2,389 / 2,438DOM:39 / 6New:1Total:7
4 Beds
Avg:$1,539,900Median:$1,595,000Range:$625,000 – $2,649,000PSF:$372 / $369Sq Ft:4,061 / 3,820DOM:20 / 5New:1Total:10
5 Beds
Avg:$1,990,000Median:$1,990,000Range:$1,990,000 – $1,990,000PSF:$518 / $518Sq Ft:3,845 / 3,845DOM:3 / 3New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $232,250 | $164,500 | $164,500 – $300,000 | $219 / $170 | 1,044 / 970 | 47 / 5 | 0 | 2 |
| 2 Beds | $346,483 | $375,000 | $160,000 – $429,900 | $264 / $276 | 1,304 / 1,248 | 12 / 6 | 1 | 6 |
| 3 Beds | $763,671 | $699,900 | $439,900 – $1,369,000 | $318 / $311 | 2,389 / 2,438 | 39 / 6 | 1 | 7 |
| 4 Beds | $1,539,900 | $1,595,000 | $625,000 – $2,649,000 | $372 / $369 | 4,061 / 3,820 | 20 / 5 | 1 | 10 |
| 5 Beds | $1,990,000 | $1,990,000 | $1,990,000 – $1,990,000 | $518 / $518 | 3,845 / 3,845 | 3 / 3 | 0 | 1 |
Rental Market Overview
Median Rent
$2,400
−11.1%
Median DOM
4
0.0%
New Listings
11
Inventory
28
+7.7%
- Average Rent: $2,790
- Median Rent: $2,400
- Rent Range: $1,190 – $8,000
- Rent per Sq Ft (Avg/Median): $3 / $2
- Square Footage (Avg/Median): 1,114 / 1,046
- Square Footage Range: 542 – 3,609
- Days on Market (Avg/Median): 23 / 4
- Days on Market Range: 1 – 327
- New Listings: 11
- Total Listings: 28
Rentals by Property Type
Apartment
$2,229
Median DOM: 1
Inventory: 23
MoM: −11.1%
Condo
—
Median DOM: —
Inventory: —
MoM: −11.1%
Single Family
$3,488
Median DOM: 8
Inventory: 5
MoM: −11.1%
Townhouse
—
Median DOM: —
Inventory: —
MoM: −11.1%
Apartment
Avg/Median Rent$2,403 / $2,229Range$1,190 – $4,043Rent per Sq Ft$3 / $3Sq Ft923 / 770DOM24 / 1New10Total23
Single Family
Avg/Median Rent$4,568 / $3,488Range$2,650 – $8,000Rent per Sq Ft$2 / $2Sq Ft2,023 / 1,204DOM20 / 8New1Total5
Rentals by Bedroom Count
Studio
Avg:$1,495Median:$1,495Range:$1,495 – $1,495PSF:$2 / $2Sq Ft:700 / 700DOM:1 / 1New:1Total:2
1 Beds
Avg:$1,931Median:$1,895Range:$1,190 – $2,999PSF:$3 / $3Sq Ft:710 / 723DOM:4 / 1New:6Total:12
2 Beds
Avg:$3,430Median:$3,850Range:$1,868 – $4,043PSF:$3 / $3Sq Ft:1,122 / 1,068DOM:55 / 1New:3Total:7
3 Beds
Avg:$2,810Median:$2,650Range:$2,400 – $3,488PSF:$2 / $2Sq Ft:1,470 / 1,200DOM:34 / 29New:0Total:4
4 Beds
Avg:$4,350Median:$2,700Range:$2,700 – $6,000PSF:$2 / $2Sq Ft:1,204 / 1,204DOM:8 / 7New:1Total:2
5 Beds
Avg:$8,000Median:$8,000Range:$8,000 – $8,000PSF:$2 / $2Sq Ft:3,609 / 3,609DOM:4 / 4New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,495 | $1,495 | $1,495 – $1,495 | $2 / $2 | 700 / 700 | 1 / 1 | 1 | 2 |
| 1 Beds | $1,931 | $1,895 | $1,190 – $2,999 | $3 / $3 | 710 / 723 | 4 / 1 | 6 | 12 |
| 2 Beds | $3,430 | $3,850 | $1,868 – $4,043 | $3 / $3 | 1,122 / 1,068 | 55 / 1 | 3 | 7 |
| 3 Beds | $2,810 | $2,650 | $2,400 – $3,488 | $2 / $2 | 1,470 / 1,200 | 34 / 29 | 0 | 4 |
| 4 Beds | $4,350 | $2,700 | $2,700 – $6,000 | $2 / $2 | 1,204 / 1,204 | 8 / 7 | 1 | 2 |
| 5 Beds | $8,000 | $8,000 | $8,000 – $8,000 | $2 / $2 | 3,609 / 3,609 | 4 / 4 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$489,000Median DOM:46New:5Total:35
Jan 2026
Median Price:$465,000Median DOM:26New:10Total:32
Feb 2026
Median Price:$524,900Median DOM:31New:5Total:29
Mar 2026
Median Price:$799,000Median DOM:12New:11Total:31
Apr 2026
Median Price:$799,000Median DOM:8New:12Total:35
May 2026
Median Price:$699,000Median DOM:6New:3Total:31
6-Month Rental Trend
Dec 2025
Median Rent:$1,854Median DOM:26New:6Total:20
Jan 2026
Median Rent:$1,950Median DOM:12New:7Total:20
Feb 2026
Median Rent:$1,983Median DOM:12New:10Total:26
Mar 2026
Median Rent:$2,058Median DOM:1New:12Total:23
Apr 2026
Median Rent:$2,700Median DOM:4New:15Total:26
May 2026
Median Rent:$2,400Median DOM:4New:11Total:28
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market declined, signaling improving buyer activity. Rental pricing eased, while total rental inventory increased.
Market data is only valuable if you act on it. With pricing stabilizing and days on market shifting, this is the type of environment where disciplined investors find their edge.
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